A fund giving investors a way to turbocharge bets against Bitcoin notched its highest daily inflow in a sign that some investors consider the rally unleashed by Donald Trump’s election to the White House overdone.
The ProShares UltraShort Bitcoin exchange-traded fund (SBIT) aims to deliver twice the inverse daily performance of the token. It recorded a net inflow of $18.8 million on Monday, the largest since its April launch. Investors also piled into the ProShares Short Bitcoin ETF (BITI), which drew in about $23 million over the past two trading sessions, among the highest inflows this year.
